ENRICHING | EXPANDING | PROGRESSING

NCC LIMITED

Annual Report 2022-23

TABLE OF CONTENTS

About the Company

02

FY23 Highlights

03

Our Major Clients

04

Mesage from the Founder and Chairman Emeritus

06

Mesage from the Chairman

08

Review by the Managing Director

10

Board of Directors

12

How We Create Value

14

Our Divisions

16

Order Inflow & Order Book Status

19

Key Performance Indicators etc.

20

Corporate Social Responsibility

28

Corporate Information

30

Board's Report

31

Management Discussion & Analysis

45

Report on Corporate Governance

53

Business Responsibility and Sustainability Reporting (BRSR)

70

Standalone Financial Statements

109

Consolidated Financial Statements

182

Disclaimer

In this Annual report we have disclosed forward-looking information to enable investors to comprehend our prospects and take informed investment decisions. This report and other statements - written and oral - that we periodically make contain forward- looking statements that set out anticipated results based on the management's plans and assumptions. We have tried wherever possible to identify such statements by using words such as 'anticipates', 'estimates', 'expects', 'projects', 'intends', 'plans', 'believes' and words of similar substance in connection with any discussion of future performance. We cannot guarantee that these forward-looking statements will be realised, althoughwe believe we have been prudent in assumptions. The achievement of results is subject to risks, uncertainties and even inaccurateassumptions. Should known or unknown risks or uncertainties materialise, or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated or projected. We undertake no obligation to publicly update any forward- looking statements, whether as a result of new information, future events or otherwise.

CORPORATE OVERVIEW

ENRICHING

EXPANDING

PROGRESSING

NCC is more than a construction

company; it's a catalyst for national

enrichment, expansion, and progress.

Our diverse projects, spanning

from buildings to irrigation, drive

transformation across sectors. Every

endeavor reflects our commitment to

quality and innovation, reinforcing

our four-decade growth trajectory.

Our broadened capabilities allow

us to deliver intricate projects

with unwavering dedication.

The landmark infrastructures we

construct, the sustainable water management solutions we provide, our groundbreaking transportation advancements, and our significant role in the power and mining sectors all underline our crucial contribution to the nation's development. We are NCC, shaping a better future, project by project.

Annual Report 2022-23

1

ABOUT THE COMPANY

NCC has expanded its presence in various sectors of construction and infrastructure development. Our construction endeavours span across the Nation and encompass Buildings, Transportation, Water and Environment, Electrical Transmission and Distribution, Irrigation, Mining, and Railways projects. Each project we undertake is characterised by exceptional quality. Over the past four decades and more, we have experienced significant growth, both in terms of the quantity and diversity of projects. We have continuously enhanced

our expertise and capabilities within the Organisation to successfully manage intricate and demanding projects. The extensive projects entrusted to and successfully completed by us,serve as a testament to our competence and unwavering dedication.

2

NCC LIMITED

CORPORATE OVERVIEW

FY23 HIGHLIGHTS

  • 50,244 crores Cumulative Order Book

+28% YEAR ON YEAR

  • 13,504 crores Revenue (Standalone)

+35 % YEAR ON YEAR

Revenue Milestones Standalone

  • 1996: ` 100 crores+
  • 2005: ` 1000 crores+
  • 2011: ` 5000 crores+
  • 2019: ` 12,000 crores+
  • 2023: ` 13,000 crores+

Annual Report 2022-23

3

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Disclaimer

NCC Limited published this content on 11 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 August 2023 07:12:08 UTC.